noun
first year; initial year
Refers to the first year of a period, program, or fiscal year. Often used in business, education, or institutional contexts.
初年度の売上は予想を上回った。
First-year sales exceeded expectations.
このプログラムの初年度は基礎を学
In the first year of this program, you learn the basics.
年度 means 'fiscal year' or 'academic year'; 初年度 combines this with 'first' to specify the initial year of such a period.
Compound of 初 (しょ, 'first') and 年度 (ねんど, 'fiscal/academic year').