A switching power supply device includes a first control circuit that turns a first switch on when first and second switches are off and a voltage at a junction node therebetween is increased to decrease a voltage across the first switch to a first threshold voltage, turns off when a first ON-period has elapsed from when the first switch is turned on, and lengthens the first ON-period as an output voltage decreases relative to a reference voltage; and a second control circuit that turns the second switch on when both switches are off and a voltage across the second switch is decreased to a second threshold voltage, turns off when a reverse current flows through the inductor, sufficient to increase the voltage at the junction node to decrease the voltage across the first switch to the first threshold voltage after the second switch is turned off.