A machine tool and a control method therefor providing an improved machining accuracy even when a numerical control and electronic cam control coexist. The CPU determines the moving position of the workpiece, the tool, and the drilling tool according to the command from each channel machining sequence storage portion, and outputs the determined position as a command signal in response to the pulse signal generated at the pulse signal generating circuit. The workpiece, the tool, and the drilling tool are thereby electronic cam controlled. The CPU also determines the moving position of the workpiece and the tool according to the command from each channel machining sequence storage portion, and outputs the determined position as a command signal in response to the divided timing signal generated at the divided timing signal generating circuit. The workpiece and the tool are thereby numerically controlled.