A method of fabricating an alkaline storage battery positive electrode, comprising the steps of: (A) fixing active material particles to a current collector, the active material particles containing as a main component, nickel hydroxide, the surface of the active material particles being non-uniformly coated with conductive agent particles and a binder, the conductive agent particles containing as a main component, at least one kind of cobalt compound selected from the group consisting of cobalt hydroxide, tricobalt tetroxide, and cobalt oxyhydroxide; (B1) reducing the cobalt atom in the cobalt compound such that the cobalt atom has an oxidation number of less than +2, by applying a reduction current that is a constant current in a range from 5 to 300 mA/g-Ni(OH) 2 at an environmental temperature in a range from 20 to 40 °C in an electrolyte solution to the current collector to which the active material particles are fixed, after the step (A); or (B2) reducing the cobalt atom in the cobalt compound such that the cobalt atom has an oxidation number of less than +2, by applying a reduction current at a constant voltage in a range from -0.1 to -3.0 V with respect to a Ag/AgCl reference electrode at an environmental temperature in a range from 20 to 40 °C in an electrolyte solution to the current collector to which the active material particles are fixed, after the step (A); and (C) oxidizing the cobalt compound into tricobalt tetroxide or cobalt oxyhydroxide by applying a current in a charging direction to the current collector to which the active material particles are fixed, such that 30 atomic % or more of the cobalt compound is formed as tricobalt tetroxide, after the step (B1 or B2), wherein the active material particles are formed as aggregates of nickel hydroxide particles, and in the step (B1) or (B2), at least 1 atomic % of the conductive agent is formed as metallic cobalt particles having a particle diameter of not less than 1 nm and not more than 3 nm, or formed as cobalt compound particles in which the cobalt atom has an oxidation number of less than +2. (A) fixing active material particles to a current collector, the active material particles containing as a main component, nickel hydroxide, the surface of the active material particles being non-uniformly coated with conductive agent particles and a binder, the conductive agent particles containing as a main component, at least one kind of cobalt compound selected from the group consisting of cobalt hydroxide, tricobalt tetroxide, and cobalt oxyhydroxide; (B1) reducing the cobalt atom in the cobalt compound such that the cobalt atom has an oxidation number of less than +2, by applying a reduction current that is a constant current in a range from 5 to 300 mA/g-Ni(OH) 2 at an environmental temperature in a range from 20 to 40 °C in an electrolyte solution to the current collector to which the active material particles are fixed, after the step (A); or (B2) reducing the cobalt atom in the cobalt compound such that the cobalt atom has an oxidation number of less than +2, by applying a reduction current at a constant voltage in a range from -0.1 to -3.0 V with respect to a Ag/AgCl reference electrode at an environmental temperature in a range from 20 to 40 °C in an electrolyte solution to the current collector to which the active material particles are fixed, after the step (A); and (C) oxidizing the cobalt compound into tricobalt tetroxide or cobalt oxyhydroxide by applying a current in a charging direction to the current collector to which the active material particles are fixed, such that 30 atomic % or more of the cobalt compound is formed as tricobalt tetroxide, after the step (B1 or B2), wherein <EOS>