A constant voltage circuit is disclosed that includes an output control transistor and an overcurrent protection circuit. The overcurrent protection circuit includes a proportional current generation circuit part, a current division circuit part, a division ratio control circuit part, a current-voltage conversion circuit part, and an output current control circuit part. When the output voltage of the current-voltage conversion circuit part reaches a predetermined voltage, the output current control circuit part prevents an increase in the output current of the output control transistor so as to reduce a voltage output from an output terminal. When the voltage output from the output terminal is reduced to a predetermined limit voltage, the division ratio control circuit part changes the division ratio of the current division circuit part so that a current supplied to the current-voltage conversion circuit part increases so as to reduce the output current of the output control transistor.