
The team owned by 2000 GT500 champion Ryo Michigami was one of two teams in the GT300 class absent from last week's entry list reveal for the Fuji GT 100 Lap race, along with Tsuchiya Engineering.
A brief statement released by Drago on Monday read: "Our contract with Busou has been terminated, and as such we will no longer participate as 'Busou Drago Corse'. Additionally, our participation in the fourth round of the SUPER GT season at Fuji on August 6-7 has been cancelled.