diff --git a/README.md b/README.md
index 07f77e87e..cf310e01a 100644
--- a/README.md
+++ b/README.md
@@ -20,7 +20,7 @@ of the Ministry of Economy, Trade and Industry of Japan.
 
 ## How to get mruby
 
-The stable version 3.1.0 of mruby can be downloaded via the following URL: [https://github.com/mruby/mruby/archive/3.1.0.zip](https://github.com/mruby/mruby/archive/3.1.0.zip)
+The stable version 3.2.0 of mruby can be downloaded via the following URL: [https://github.com/mruby/mruby/archive/3.2.0.zip](https://github.com/mruby/mruby/archive/3.2.0.zip)
 
 The latest development version of mruby can be downloaded via the following URL: [https://github.com/mruby/mruby/zipball/master](https://github.com/mruby/mruby/zipball/master)
 
diff --git a/include/mruby/version.h b/include/mruby/version.h
index cf713da2b..01492e0ca 100644
--- a/include/mruby/version.h
+++ b/include/mruby/version.h
@@ -27,7 +27,7 @@ MRB_BEGIN_DECL
 /*
  * The version of Ruby used by mruby.
  */
-#define MRUBY_RUBY_VERSION "3.1"
+#define MRUBY_RUBY_VERSION "3.2"
 
 /*
  * Ruby engine.
@@ -42,7 +42,7 @@ MRB_BEGIN_DECL
 /*
  * Minor release version number.
  */
-#define MRUBY_RELEASE_MINOR 1
+#define MRUBY_RELEASE_MINOR 2
 
 /*
  * Tiny release version number.
@@ -80,17 +80,17 @@ MRB_BEGIN_DECL
 /*
  * Release year.
  */
-#define MRUBY_RELEASE_YEAR 2022
+#define MRUBY_RELEASE_YEAR 2023
 
 /*
  * Release month.
  */
-#define MRUBY_RELEASE_MONTH 5
+#define MRUBY_RELEASE_MONTH 2
 
 /*
  * Release day.
  */
-#define MRUBY_RELEASE_DAY 12
+#define MRUBY_RELEASE_DAY 24
 
 /*
  * Release date as a string.