A cutting and transferring apparatus configured to from a second sheet by cutting a continuous body of second sheets and to transfer the second sheet onto a continuous body of topsheet. The cutting and transferring apparatus includes a blade roll having a blade; a bed knife; and a transfer roll configured to transfer the second sheet onto the continuous body of topsheet. The transfer roll receives an edge portion of the continuous body before cutting. The blade and the bed knife cut the continuous body of the second sheets, in a state where the machine direction MD and a vertical direction coincide with each other.