A DC/DC converter includes a first transformer and a second transformer each having primary windings and secondary windings respectively having first windings and second windings, a second switch connected to both ends of a first series circuit, a fourth switch connected to both ends of a second series circuit, a third series circuit being connected to both ends of the second switch and having the second winding and a second DC power supply, a fourth series circuit being connected to both ends of the fourth switch and having the second winding and the second DC power supply, a reactor connected to both ends of a series circuit having the secondary windings, and a control circuit turning ON/OFF the first and third switches with a phase difference of a half cycle and turning ON/OFF the second and fourth switches with a phase difference of a half cycle.