In order to realize a multiplexer/demultiplexer in which utilization efficiency of a frequency is high, wavelength characteristics of a transmission band is flat, the cost is low, the size is small, and a wavelength and a band are variable, the multiplexer/demultiplexer includes: first light branching means for branching inputted light into plurality of pieces of light and outputting the branched pieces of light; a plurality of light wavelength separating means for separating and outputting light outputted from the first light branching means for each of predetermined frequency bands; and an optical coupling means for making outputs having frequency bands different from each other among outputs from the light wavelength separating means gather and be outputted.