Question-and-Answer Session
Operator
At this time, we'll open the floor for questions. [Operator Instructions]. Our first question will be coming from Will Bojuque [ph]. Please go ahead.
Unidentified Analyst
Hi this Will Bojiqe [ph] Partner Investments. Could you please give me some more color on bad debt expense? Was it a specific credit?
Yui Takamatsu - Investor Relations Officer
Excuse me, can you say that again?
Unidentified Analyst
I had a question about bad debt expense. First of all, was it a specific credit and can you comment on general trends?
Yui Takamatsu - Investor Relations Officer
Okay. What I am going to do now is I am going to translate that into Japanese, so I am going to put you on mute for a second, if you can hold on, okay?
Unidentified Analyst
That's fine.
Yui Takamatsu - Investor Relations Officer
Hello, can you hear me?
Unidentified Analyst
Yes, I can hear you. Hello. Yes, please go ahead.
Yui Takamatsu - Investor Relations Officer
Can you hear me?
Unidentified Analyst
I can hear you now.
Yui Takamatsu - Investor Relations Officer
Okay. In terms of provisions we had reversals of provisions in the previous fiscal year plus we had a reflection of increase in installment loans. And what you are seeing is that assets are increasing, there is about a 12% increase year-on-year and you can see that provisions for the previous fiscal year were very low. So we were approaching more of a normalized level and there is not specifically a trend or a specific sector that we are leaning towards.
Unidentified Analyst
So it's not particular-related [ph]?
Yui Takamatsu - Investor Relations Officer
It does include it, but it's not... we don't lend to one particular sector that doesn't account for more than 10%.
Unidentified Analyst
Okay.
Yui Takamatsu - Investor Relations Officer
And if you'd like more information on that, we have a release regarding the amount of loans on the entertainment industry as well on the news release. And you can download that through our website.
Unidentified Analyst
Okay. May I ask a second question?
Yui Takamatsu - Investor Relations Officer
Sure. Go ahead.
Unidentified Analyst
This relates to goodwill write-downs, what was that associated with?
Yui Takamatsu - Investor Relations Officer
Okay, one moment please. Hello. Can you hear me?
Unidentified Analyst
Yes.
Yui Takamatsu - Investor Relations Officer
Okay. Basically, it's a negative goodwill in our investment in our subsidiary.
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