A method of manufacturing magnets and a method of manufacturing a rotor are provided. An intermediate member includes a sheet and magnet bodies. The sheet includes a first sheet surface and a second sheet surface on a side opposite to the first sheet surface. The magnet bodies are located on the first sheet surface. A first die is made of an elastic material having an elastic coefficient lower than the elastic coefficient of the magnet bodies. The intermediate member is arranged between the first die and a second die such that the second sheet surface of the sheet faces the first die. The first die and the second die hold the intermediate member in between. Accordingly, the sheet is cut at positions between adjacent ones of the magnet bodies.