ULTIMATE-Subaru is the next-generation facility instrument program of the Subaru Telescope which will extend the existing Subaru’s wide-field survey capability to the near-infrared wavelength. The ULTIMATE-Subaru includes Ground-Layer Adaptive Optics (GLAO) and wide-field near-infrared instruments, aiming to provide ∼0.2 arcsec image size at K band (2.2 micron) over 20 arcmin diameter field of view at the Cassegrain focus. The planned first light instrument is a Wide-Field Imager (WFI), which covers a 14 × 14 square arcmin field of view from 0.9 to 2.5 micron in wavelength. With an improved image quality, sensitivity, and a unique set of narrow- and medium-band filters, the key science goals of ULTIMATE-Subaru is to reveal the birth, growth, and death of galaxies across cosmic time and environment. In addition, deep and sharp near-infrared imaging capability of ULTIMATE-Subaru will also provide a powerful tool for any astronomical studies targeting dense and/or obscured environment (e.g. Galactic Center, Galactic Plane, or Star forming regions). The development of the ULTIMATE-Subaru instruments are being conducted in collaboration with the Subaru Telescope, Advanced Technology Center in the National Astronomical Observatory of Japan, Australian National University, the Academia Sinica Institute of Astronomy and Astrophysics, Tohoku University, and the University of Tokyo. The GLAO and WFI systems are currently in the end of the final design phase, aiming to complete the key-component prototyping and design, and to start production in early 2026. In this presentation, an overview of the ULTIMATE-SUBARU instruments, their current status, and future prospects will be presented. We also provide an overview of the key science goals to be enabled by novel survey observations using the ULTIMATE-Subaru.