diff --git a/lib/irb/version.rb b/lib/irb/version.rb
index d9753d3eb63a8a..9a7b12766bd67e 100644
--- a/lib/irb/version.rb
+++ b/lib/irb/version.rb
@@ -5,7 +5,7 @@
 #
 
 module IRB # :nodoc:
-  VERSION = "1.11.2"
+  VERSION = "1.12.0"
   @RELEASE_VERSION = VERSION
-  @LAST_UPDATE_DATE = "2024-02-07"
+  @LAST_UPDATE_DATE = "2024-03-06"
 end