Regarding a chip resistor including a resistor provided with a first trimming groove for coarse adjustment and a second trimming groove for fine adjustment, the steps of setting the length of a first lateral direction cut part of the first trimming groove after L-shaped direction turning to be a certain length, setting coordinates of a trimming start point of the second trimming groove at a position which is constantly separated from a first vertical direction cut part of the first trimming groove only by a certain distance, and irradiating with a laser light from the coordinates toward a direction orthogonal to a direction between the electrodes are performed to form the second trimming groove which faces the first trimming groove and is oriented in the direction opposite to the orientation of the first trimming groove.