From childhood he showed keen interest in painting and became a ward of Suian Hirafuku, a famous painter, at Tokyo (1888).
Kogyo Terazaki worked at Toyodo Publishers for whose magazine Fuzoku Gaho (Manners and Customs) he did illustrations. He won a prize in the 3rd Industrial Exhibition (1890).
He was assistant professor at Tokyo Academy of Fine Arts (1897) but left (1898) when the principal, Kakuzo Okakura, resigned.
Kogyo Terazaki founded a private school to teach painting and soon became very famous (1900). He was awarded a gold medal in a competitive exhibition (1901), and the same year he was invited to rejoin the Tokyo Academy of Fine Arts. Kogyo Terazaki was appointed judge for the 1st Government Arts Exhibition. He joined the Imperial Arts Academy (1917).