A center hole machining method includes first to fifth steps. The first step includes obtaining outer peripheral shape data of a plurality of portions of the shaft blank in an axial direction. The second step includes obtaining a center axis by comparing measured data of the portions of the shaft blank with design data. The third step includes calculating a minimum distance from the center axis to the outer periphery in each of the portions of the shaft blank. The fourth step includes shifting the center axis in a direction of making the minimum distance greater than the machining dimension and repeatedly executing the third step when the minimum distance is less than or equal to the machining dimension. The fifth step includes boring the center hole in an end surface of the shaft blank at a position arranged on a line extended from the center axis.