The present invention provides a rocker arm manufacturing method capable of improving the durability and excellent in productivity. In the method according to the present invention, an intermediate product 13 having both side walls 20 extended in a predetermined direction and arranged in parallel with each other and one end side connection wall 30 connecting lower ends of a longitudinal one end of both the side walls is obtained. Next, both side walls 20 formed at the one end of the intermediate product 13 are inwardly bent. Thereafter, ironing dies 60 are pressed down against outer surfaces of both the inclined side walls 20 from an upper side to a lower side to execute ironing of outer surface portions of both the side walls 20 to downwardly plastically fluidize the constituent material of both the side walls 20 to thereby form valve stem guide walls 35 at both sides of the one end side connection wall 30 in a downwardly protruded manner.