next term; next period
Refers to the upcoming fiscal, academic, or business term. Often used in planning, budgeting, or scheduling contexts.
We draw up the budget for the next term.
来期から新しいプロジェクトが始まる。
A new project will start from next term.
来期 means 'next term/period', the direct opposite of 今期 'this term/period'.
当期 is the present term, whereas 来期 is the upcoming term that follows it.
Compound of 来 (rai, 'next, coming') and 期 (ki, 'period, term').