the next year; the following year
A straightforward temporal noun referring to the year after the current or reference year. Often used in formal or written contexts.
次年には新しい制度が導入される予定です。
A new system is scheduled to be introduced the next year.
next fiscal year; following year
Compound of 次 (next) and 年 (year). The reading じねん is a straightforward on'yomi combination.