Synnex: Japan Disaster Could Impact Finished Goods Availability

In particular, Synnex said the risk of constraint revolves around some memory and LCD displays smaller than 12 inches, Murai said.

"There's no other notable constraints right now but depending on other component level shortages, that may start to impact other finished goods," Murai said. "But right now, we don't have much concern that that's going to happen."

In a statement, the company added that the demand environment in Japan will be "somewhat affected in the coming months." Murai added that all employees in Japan are safe and unharmed.

For the first fiscal quarter ended Feb. 28, the Fremont, Calif.-based distributor reported earnings of $29.7 million or 83 cents per share on $2.50 billion in sales. The results compare to analysts' consensus forecasts of earnings of 79 cents per share on $2.49 billion in sales. In the year-ago quarter, the company earned $34.7 million or $1.02 per share on sales of $1.94 billion in sales. The year-ago results include earnings of 33 cents per share from discontinued operations.

Synnex's distribution revenue was $2.47 billion, a 29 percent increase over the prior-year fiscal quarter. The results include $301 million in sales due to the recent acquisition of Infotec in Japan, but sales were still strong in both the United States and Canada, according to the company.

Business from resellers in Japan, through Infotec, were affected for the first couple of days after the disaster there, but daily run rates have come back to almost a normal pace, Murai said. "The reseller base is recovering along with the rest of the market," he said.

Among product categories, Murai said consumer products fared very well, including notebooks, a category which has been reported to be experiencing softer demand in the overall market. Notebooks also grew despite the fact that there is some cannibalization in that category from tablets, Murai said.

"There's a lot of adoption in Android-based tablets and definitely a lot of interest in consumer markets. But there are a number of hurdles that most businesses have to clear before we see a very rapid adoption of tablets [in the commercial sector] beyond the simple unintegrated applications that you see today," Murai said.

With a lot of application development around tablets, commercial sales of those devices should increase, he added. "As the tier one companies launch their tablet offerings we'll see more growth as well over the next six months," Murai said.

For the current May-end quarter, Synnex expects earnings between 77 cents and 81 cents on revenue of $2.44 billion to $2.56 billion. Analysts' consensus opinion is earnings of 80 cents per share on $2.53 billion in sales.

Shares of Synnex closed at $36.57 Thursday, up 14 cents or 0.4 percent.