Arm Bandages are a pair of dark arm bandages with one fully covered on the right side. They are available for female characters in Character Creation for Soulcalibur IV.
This equipment raises Gauge and Attack by 15. It is worn by the bonus character Shura, and can either be bought for 3,000 Gold after earning 15 Honors/Achievements, or it can be obtained on the 17th floor of the Tower of Lost Souls. To accomplish the latter, the player must perform a 5-hit combo.