Also. . .

* Toyota Motor Corp., the world’s third-biggest auto maker, today will probably report that annual profit fell by about 20% from last year’s record as shrinking sales in Japan outweighed gains in the U.S. and Europe, analysts said. The maker of the best-selling Camry mid-size sedan is likely to report group net profit of $2.9 billion, down from $5.6 billion last year. Sales probably rose 2.8%. Toyota, like its rival Honda Motor Co., will continue to rely on the U.S. for the bulk of its profit, as there are few signs that auto sales will recover in Japan.

* Canon Inc., the second-largest copier seller in the U.S., is expected to announce today that it signed agreements with distributors Ingram Micro Inc. of Santa Ana and Pinacor Inc. to make it more efficient for dealers and resellers to get certain lines of printers, copiers and digital cameras. Terms weren’t disclosed. The move is part of Japan-based Canon’s efforts to make its U.S. supply chain more efficient as it competes with No. 1 printer maker Hewlett-Packard Co., leading copier maker Xerox Corp. and top digital-camera makers Sony Corp., Eastman Kodak Co. and Olympus Optical Co.

* On Friday, the U.S. bond market will close at 11 a.m. PDT. Commodity trading will also be abbreviated in advance of next week’s Memorial Day holiday. All U.S. financial markets will be closed next Monday.