Lionel,
Here's my experience with MIK Tokai. First, should say I've played professionally (mostly regionally, I'm no household name) for nearly 30 years. Never heard of Tokai till a couple years ago. The Japanese companies that sold copy guitars in the Midwest were always junk in my mind.
Recently, while on the other side of the Atlantic, I played several Tokais in stores. While the MIJ are incredible instruments, but I found the MIK to have the finish quality and feel pretty much just like a Gib MIUSA, the type you buy for $1000-1200 (not as nice of course as the high buck Gibs, or the amazing MIJ Tokais).
So, I ordered a Firebird from Ishibashi in Japan. It's a MIK, and while the wood isn't Mahogany (Maple set neck, Ash body) and the finish is surely Poly and not Nitro, the quality and playbility is excellent. The control cavity is coated with some sort of shielding paint, the tuners are terrific, all around a great instrument. Not even going to replace the PUs, which I thought I may have to. I imagine the rosewood on the fingerboard isn't from quite as nice a tree as Gib used, but the guitar is easily on par with my Gib V I bought new last year for $1200. With the case I had to buy separately, and shipping, and customs, I've got about $550.00 invested in this 'Bird. I played it all last set at a recent gig, wiped it down, put it in it's case. Two days and a reheasal later I still haven't had to retune it, not a single string!
Be aware, if you do go for a Tokai V, they are all MIK, and the ones you buy straight from Japan (VERY inexpensive, and super fast shipping) are bolt on necks only! If you want a Tokai V with a set neck, those are MIK EXPORT ONLY, you have to get it from the UK, and it will cost more, but still be reasonable. With shipping and customs, you may not save much at all over buying an off the rack Gib V.
Some people feel the MIK are only slightly better than the Epiphones, I personally find a world of difference. I would not buy an Epi for even $50.00