tokyo institute of research ,ltd.

What tokyo institute of research ,ltd. does

Tokyo Institute of Research, Ltd. (株式会社東京総合研究所) is a privately-held Japanese investment advisory firm founded in June 1997 and headquartered in Shibuya-ku, Tokyo (Ebisu). The firm is registered with the Kanto Finance Bureau as an investment advisory/agent (registration No. 2507) and provides investment advice on Japanese stocks, Nikkei 225 futures, and options to individual investors and, to a lesser extent, corporate clients in Japan. The firm is led by Representative Director Mitsuru Oyama (大山充), who has over 30 years of derivatives market experience dating to the 1987 launch of Nikkei 225 futures.

The company's core technology is the proprietary Montana System (モンタナシステム), a statistical market analysis framework developed by the representative that applies the central limit theorem and Bayesian theory to normalize non-normal market price distributions and generate probability-based trading signals for the next trading day. The Montana Band and Montana Chart are the associated visualization and analysis tools, evolved from standard Bollinger Bands but presented as addressing their limitation of failing to achieve normal distribution in real-market conditions. The AI/ML capability is best characterized as classical statistical computing rather than modern machine learning.

Tokyo Institute of Research operates a tiered product portfolio spanning stock advisory, futures and options advisory, trial courses, and lower-priced recurring information subscriptions. Revenue is generated through annual membership fees ranging from approximately ¥16,500/month (Premium Information Course) to ¥385,000/year (core Stock and Futures Options Courses), plus a 20% success fee on client trading profits under the core advisory courses. The firm markets primarily through a multi-channel owned-media strategy (YouTube, LINE@, TikTok, blog, manga-format educational content) and completes enrollment via its website (888.co.jp) and a toll-free phone line, with no physical retail branches. Service delivery is fully electronic, with no client asset custody.

Name

tokyo institute of research ,ltd.

Legal name

株式会社東京総合研究所

Website

https://888.co.jp

Company type

Private

Founded year

1997

Operating status

Operating

Short description

Tokyo Institute of Research, Ltd. is a privately-held, Kanto Finance Bureau-registered Japanese investment advisory firm providing statistical, probability-based advice on stocks, Nikkei 225 futures, and options to retail (and selectively corporate) investors in Japan via subscription courses plus a 20% success-fee model.

Ownership category

akta.pro rank

Product category

Investment Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Research (FSACAGAA)

akta.pro secondary industry

Sector/Thematic Equity (Active) (FSAAAIAG)

Keywords

• Investment advisory services
• Stock advisory services
• Nikkei 225 futures
• Options trading advice
• Statistical market analysis

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Success Fee (成功報酬): Primary revenue stream. 20% (tax-free) of trading profits generated for clients. No fee charged if losses occur or profits are below threshold. Loss carryforward applied before calculating success fees. One-time清算 upon exit if cumulative profit exists.
2. Annual Membership Fees (年会費): Annual subscription fees for various service courses (Stock Course, Futures Options Course, Premium Course). Fees range from ¥165,000 to ¥385,000 annually per course. These are charged regardless of trading outcomes.
3. Web Video Course (株式Web動画サービス): One-time or subscription-based video course providing daily strategy videos, stock recommendations, and technical analysis education. 6-month prepaid at ¥72,000 (¥12,000/month).
4. Options Starter Course (オプションスタートコース): 3-month prepaid options education and advisory course. Fee: ¥187,000 for 3 months. No success fee.
5. Single Stock Course (一銘柄厳選コース): One-time fee course for single carefully selected stock recommendation. 50,000 yen (tax-free) one-time payment with no success fee. Currently suspended/limited time.
6. Premium Membership (プレミアム情報コース): Monthly subscription at ¥16,500/month (tax-included). Provides weekly strategies, special stock picks, and technical analysis reports. Minimum 3-month contract.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Tokyo Institute of Research, Ltd. is a Japan-registered investment advisory firm that provides statistical probability-based trading advice for Japanese equities, Nikkei 225 futures, and options. The firm uses its proprietary Montana System (applying central limit theorem and Bayesian theory to normalize market price distributions) to generate buy/sell signals delivered by email, supported by daily YouTube live analysis, video courses, and an annual membership plus success-fee compensation model.

Product overview

Tokyo Institute of Research operates as a financial investment advisory firm offering a suite of services centered around its proprietary Montana System - a statistical analysis platform based on Central Limit Theorem and Bayesian theory for probability-based market predictions. The core product portfolio includes Stock Course (medium-to-long-term stock advisory) and Futures Options Course (Nikkei 225 futures and options advisory), complemented by trial courses, educational materials, video services, and subscription-based information products. All services use a success-based compensation model (annual membership fee plus 20% of profits) where the company's earnings align with customer success.

Differentiator

Problem solved

Functional benefit

Brands

• Montana System: Proprietary statistical analysis system developed by the company using advanced probability theory and central limit theorem for market analysis.
• Montana Band
• Montana

Quantifiable outcome

• 82.9% win rate on recommended stocks (January 2025 - January 2026)
• +2 more outcomes

Named customers3 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Others

• Yahoo! Finance Japan (Yahoo!ファイナンス): Japan's largest retail financial-information aggregator, providing quotes, news, charts, and community discussion on Japanese and global markets. Comparable as a top-of-funnel content destination for Japanese retail investors but not a paid advisory.
• Diamond ZAi (ダイヤモンドZAi): Japan's leading personal-finance and investment magazine brand, producing educational content, fund/strategy rankings, and beginner-friendly stock information. Comparable in serving Japanese retail-investor education and content discovery; does not sell personalized advice.

Broad incumbents

• Monex Securities (マネックス証券): Major Japanese online broker with investment advisory and information services for retail investors. Comparable in serving Japanese retail investors with market analysis and recommendations, but offers execution and custody, which Tokyo Institute of Research explicitly does not.
• Rakuten Securities (楽天証券): Major Japanese online brokerage with broad retail-investor research, education, and advisory-adjacent content. Comparable customer base; competes for the same Japanese retail attention but through a commission-based broker model.
• SBI Securities (SBI証券): Largest Japanese online brokerage, offering trading across Japanese and international securities plus educational and informational content for retail investors. Comparable customer segment; much broader scope including execution, custody, and overseas products.

Direct peers

• Tradersweb (トレーダーズウェブ): Long-running Japanese information and advisory platform focused on Nikkei 225 futures and options, providing educational content, market analysis, and trade ideas. Directly comparable in target customer (Japanese retail derivatives traders) and product mix.
• Stock Weather Co., Ltd. (ストックウェザー): Japanese independent investment advisory firm offering subscription and outcome-based recommendations on Japanese equities and derivatives. Closely comparable business model and customer base to Tokyo Institute of Research.

Emerging players

• WealthNavi Inc. Japanese robo-advisor offering automated, algorithm-driven portfolio management to retail investors. Comparable in addressing Japanese retail demand for non-conflicted investment services, though its model is fully automated asset management rather than discretionary advice.
• Moneysquare Inc. (マネースクウェア): Japanese robo-advisor focused on discretionary portfolio management for retail and semi-professional investors. Comparable in the independent, fee-based advisory space; differs in being automated rather than human-advisor-led.
• Kabutan (株探): Top-ranked Japanese retail stock-investment information portal providing real-time market data, consensus forecasts, and editorial commentary on Japanese equities. Comparable as a Japanese-retail information channel, though it does not sell personalized advisory subscriptions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/tokyo_soken
• YouTubeyoutube.com/@tokyosoken
• Facebookfacebook.com/tokyosoken
• Instagraminstagram.com/tokyosoken_recruit

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about tokyo institute of research ,ltd.