Sony's shares closed up 8.7% in Tokyo on Friday after the technology and entertainment conglomerate reported strong results at its games and music divisions.

Sony Group Corp.’s stock climbed as much as 11% in Tokyo on Friday, the most since August, after the entertainment group raised its profit and revenue outlook on growing momentum for its entertainment businesses.

The Japanese entertainment and electronics company raised its annual earnings projections after a rise in third-quarter net profit on the strength in its game and music businesses.