Sony hiked its overall full-year sales forecast to 13.2 trillion yen ($85.6 billion), up 4% on a yen basis; and increased the operating income outlook 2% to 1.335 trillion yen ($8.7 billion).

Sony raised its profit and revenue outlook on Thursday on expectations of sustained games and music sales, helped by its yearslong spending spree on content. The Tokyo-based entertainment and ...