A FIFO circuit includes a write counter circuit, a memory circuit, a read counter circuit and a selector circuit. The write counter circuit counts a write clock signal during a valid period of input data, and outputs a write counter value. The memory circuit stores the input data in response to the write counter value. The read counter circuit counts a read clock signal when a decision is made that the memory circuit includes data that has not yet been read out, and outputs a read counter value. The read selector circuit reads data from the memory circuit in response to the read counter value. A small scale FIFO circuit can be obtained.