The Dismayed Panzer appears on B3F and B4F of the Secret Laboratory within the Midnight Channel. It will alternate between attacking and boosting its attacks with Power Charge before attacking. If a Dogmatic Tower is present, it will cover the Panzer's weakness with Blue Wall. After being defeated, the Dismayed Panzer may drop the Iron Barrel material. Selling 4 Iron Barrels will unlock the En-Giri daggers for Yosuke Hanamura in the shop.
In Golden it may also drop Bloodstone for trade at Shiroku Pub.