A speed reducer including: an input shaft; a first barrel cam; a first output table; an intermediate shaft; a second cam; and a second output table, in the first output table, the plurality of first cam followers being provided concentrically around a rotation center position of the intermediate shaft, concerning a certain first cam follower among the plurality of first cam followers, when a center position of the certain first cam follower when the certain first cam follower has been moved to a farthest end on one side in the up-down direction is defined as a reference position, a center position of the first barrel cam being shifted to another side in the up-down direction with respect to the reference position, an engagement center position in the front-rear direction between an engagement start position and an engagement end position being shifted either of forward and rearward with respect to the reference position.