Provided is a modulation circuit that can correct an output state in real time and reliably modulate an input signal to output the modulated signal. The signal modulation circuit includes a subtracter, an integrator, a chopper circuit, a frequency divider, and a D-type flip-flop. A delay circuit of a sigma delta modulation circuit is not provided to a feedback circuit, and a signal is delayed and quantized in the D-type flip-flop. The chopper circuit inserts a zero level at timing synchronized with a clock signal, so that pulse density modulation is performed.