In a wet-type friction material, a ring-shaped friction material substrate is compressed and fixed on a surface of a core metal by heat-pressing by a manufacturing metal mold. At the same time, a taper of an angle α corresponding to a taper at an outer peripheral side of an upper mold is provided on an outer peripheral side of the ring-shaped friction material substrate. Thus, the taper is formed such that a thickness in a radial direction of the ring-shaped friction material substrate becomes smaller from a middle point toward an outer peripheral edge.