I've owned a few Tokai's (guitars, not basses) & the quality has always been excellent.
The mid 80s Tokai Telecaster I had was one of the best guitars I've ever played & I currently have a newer (Korean or Chinese) Tokai 335 copy that is a superb guitar. I would personally say that the build & finish quality is easily the equal of any new Gibson I've played, and it's definitely much higher quality than the Gibson Les Paul I used to have, which was one of the biggest piles of sh*t I've ever owned.