Abstract: A hard magnetic material contains Co as a main component, at least one element Q of P, C, Si and B, and Sm, and an amorphous phase and a fine crystalline phase. The texture of the hard magnetic material contains 50% by volume or more of fine crystalline phase having an average crystal grain size of 100 nm or less, and has a mixed phase state containing a soft magnetic phase and a hard magnetic phase. Further, anisotropy is imparted to the crystal axis of the hard magnetic phase.