A smoking product comprising: a smoking material portion wrapped by a smoking material wrapper ; a filter portion whose upstream end is combined with the smoking material portion , which includes a capsule containing a flavoring, and which is wrapped by a filter wrapper; and a tipping wrapper surrounding at least a partial region of the smoking material portion and the filter portion so that the smoking material portion and the filter portion are combined, wherein the tipping wrapper includes a first perforation region including a plurality of perforations (212p1, 212p2) formed along an outer circumferential surface of the tipping wrapper and a second perforation region including a plurality of perforations formed downstream of the first perforation region and along the outer circumferential surface of the tipping wrapper , and the capsule is disposed downstream of the first perforation region and upstream of the second perforation region , wherein: the filter portion includes a first filter whose upstream end is combined with the smoking material portion and which includes the capsule and a second filter whose upstream end is combined with a downstream end of the first filter ; and the filter wrapper includes a first wrapper which surrounds the first filter , a second wrapper which surrounds the second filter , and a combining wrapper which surrounds the first filter and the second filter so that the first filter and the second filter are combined, and wherein: the first perforation region is disposed in a region overlapping the first filter , and the second perforation region is disposed in a region overlapping the second filter ; and the first perforation region is formed to pass through the tipping wrapper but not pass through the combining wrapper and the first wrapper , and the second perforation region is formed to pass through the tipping wrapper , the combining wrapper , and the second wrapper . a smoking material portion wrapped by a smoking material wrapper ; a filter portion whose upstream end is combined with the smoking material portion , which includes a capsule containing a flavoring, and which is wrapped by a filter wrapper; and a tipping wrapper surrounding at least a partial region of the smoking material portion and the filter portion so that the smoking material portion and the filter portion are combined, wherein the tipping wrapper includes a first perforation region including a plurality of perforations (212p1, 212p2) formed along an outer circumferential surface of the tipping wrapper and a second perforation region including a plurality of perforations formed downstream of the first perforation region and along the outer circumferential surface of the tipping wrapper , and the capsule is disposed downstream of the first perforation region and upstream of the second perforation region , wherein: the filter portion includes a first filter whose upstream end is combined with the smoking material portion and which includes the capsule and a second filter whose upstream end is combined with a downstream end of the first filter ; and the filter wrapper includes a first wrapper which surrounds the first filter , a second wrapper which surrounds the second filter , and a combining wrapper which surrounds the first filter and the second filter so that the first filter and the second filter are combined, and wherein: the first perforation region is disposed in a region overlapping the first filter , and the second perforation region is disposed in a region overlapping the second filter ; and the first perforation region is formed to pass through the tipping wrapper but not pass through the combining wrapper and the first wrapper , and the second perforation region is formed to pass through the tipping wrapper , the combining wrapper , and the second wrapper . <EOS>