next fiscal year; next year (in official contexts)
Used in business, government, and institutional contexts to refer to the upcoming fiscal or academic year. Often appears in planning and budget discussions.
The budget proposal for the next fiscal year was announced.
This project is scheduled to start next fiscal year.
Compound of 明 (みょう, 'next' in temporal expressions) + 年度 (ねんど, 'fiscal/academic year').