The demodulating apparatus includes circuits of receiving modulated radio signals coming from a plurality of transmission devices, first demodulating a first reception signal DPSK-modulated among the radio signals, modulating demodulation signals into modulation signals based on DPSK, estimating an amplitude and a phase of a propagation signal on a propagation path leading to the reception circuit from the transmission device on the basis of the radio signal and the modulation signal, first generating, based on the variables, a first simulated signal simulating the first reception signal from the modulation signal, extracting a signal obtained by cancelling the first simulated signal from the radio signals, and repeating processes of the first demodulating, the modulating, the estimating, the first generating and the extracting to such a limit as to enable the first demodulating.