preceding fiscal year; previous fiscal year
Refers to the fiscal year immediately before the current one. Used in financial, governmental, and organizational contexts.
前年度の決算は黒字だった。
The financial results for the preceding fiscal year were in the black.
Sales increased by 10% compared to the previous fiscal year.
I compared this year's sales with the previous fiscal year's.
Sales rose 10% compared to the previous fiscal year.
We drew up the plan by referring to the previous fiscal year's budget.