Rashid Khan with two birdies against three bogeys finished with a round of 71 and at five-over 285, he was tied 52nd.
Bhullar's lone birdie of the day came on par-3 13th hole and it also marked the first under-par round for him this week.
Korea's K.T. Kim of Korea won his fourth title this year when he claimed a three-shot victory.
The 29-year-old holed a 10-foot birdie on the last hole to finish on two-under-par 68 for a winning total of nine-under-par 271 at the Y150 million (approximately US$1.2 million) event sanctioned by the Asian Tour and Japan Golf Tour.
Thailand's Prayad Marksaeng carded a 71 to finish in tied 11th place while Japanese star Ryo Ishikawa returned with a disappointing 77 to take a share of 52nd position.
Kim, who led by two shots at the start of the round, was drawn level by a fast charging Muto after 12 holes. The Korean birdied the par three 13th hole to regain command and sealed the deal with a stylish closing birdie.
Muto, a six-time winner in Japan, admits that he let victory slip out of his grasp after hitting his tee shot into the thick rough on the 14th hole which resulted in a bogey.
Prayad, who led in the halfway stage of the tournament, failed to mount a title charge as he struggled with a cold putter and returned with two birdies against three bogeys.
