TOKYO -- Sony Group revised up its annual earnings forecast for the second time this year, saying on Thursday that it expects a record operating profit of over 1 trillion yen ($9.1 billion) for the year ending March 2022.

The company anticipates operating profit to increase 9% from a year ago. Previously, it had expected a 3% rise to 980 billion yen.

Sony also revised its annual net profit outlook to 730 billion yen. It trimmed its profit decline from a year earlier to 29% -- previously Sony predicted net profit to drop 32% this year. The company increased its revenue outlook by 200 billion yen to 9.9 trillion yen, up 10% from a year earlier.