The purpose of the present invention is to provide a solid or semi-solid water-in-oil type emulsion cosmetic that has a hardness that can be said to be balm-like, the cosmetic having an excellent moisturizing effect, exhibiting upon use a unique sensation of blending as if melting when applied to skin, and being capable of stably incorporating a water-soluble or hydrophilic drug. The present invention pertains to a water-in-oil type emulsion cosmetic characterized by containing: (A) an organically modified clay mineral; (B) a surfactant having an HLB of no more than 6; (C) a wax; (D) a silicone elastomer; (E) a volatile oil; and (F) water.