The dough is made from wheat flour produced in Hokkaido, deep-fried in rice oil, and then wrapped in caramel syrup made from Hokkaido beet sugar. Product contents: Wheat flour (domestic), vegetable oil, sugar, starch syrup, sweetened condensed milk, sweetened skim condensed milk, yeast, salt, cream, malt extract, molasses/emulsifier, flavoring, (contains wheat, dairy products, soybeans). Instructions: Store away from direct sunlight and in a cool, dry place.