noun
this fiscal year; this academic year; current year (institutional)
Refers to the current year in a fiscal, academic, or institutional context, not the calendar year. Often used in business, government, and school settings.
本年度の予算は前年度より増えました。
This fiscal year's budget has increased compared to the previous year.
本年度の新入生は200人です。
There are 200 new students this academic year.
前年度 means the previous fiscal/academic year, the counterpart to 本年度.
来年度 means the next fiscal/academic year.
Compound of 本 (this, current) and 年度 (fiscal/academic year).