diff --git a/java-shared-dependencies/dependency-convergence-check/pom.xml b/java-shared-dependencies/dependency-convergence-check/pom.xml
index 3076d2ff17..5563f0a43a 100644
--- a/java-shared-dependencies/dependency-convergence-check/pom.xml
+++ b/java-shared-dependencies/dependency-convergence-check/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>shared-dependencies-dependency-convergence-test</artifactId>
-  <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Dependency convergence test for certain artifacts in Google Cloud Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
@@ -46,7 +46,7 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-shared-dependencies</artifactId>
-        <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/java-shared-dependencies/first-party-dependencies/pom.xml b/java-shared-dependencies/first-party-dependencies/pom.xml
index 5e98137a5f..5f9662c490 100644
--- a/java-shared-dependencies/first-party-dependencies/pom.xml
+++ b/java-shared-dependencies/first-party-dependencies/pom.xml
@@ -6,7 +6,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>first-party-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Google Cloud First-party Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
diff --git a/java-shared-dependencies/pom.xml b/java-shared-dependencies/pom.xml
index cf606c0a69..7016d68f24 100644
--- a/java-shared-dependencies/pom.xml
+++ b/java-shared-dependencies/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-shared-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <modules>
     <module>first-party-dependencies</module>
     <module>third-party-dependencies</module>
@@ -65,14 +65,14 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>first-party-dependencies</artifactId>
-        <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>third-party-dependencies</artifactId>
-        <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/java-shared-dependencies/third-party-dependencies/pom.xml b/java-shared-dependencies/third-party-dependencies/pom.xml
index b58293107a..c5bc1698ef 100644
--- a/java-shared-dependencies/third-party-dependencies/pom.xml
+++ b/java-shared-dependencies/third-party-dependencies/pom.xml
@@ -6,7 +6,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>third-party-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Google Cloud Third-party Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
diff --git a/java-shared-dependencies/upper-bound-check/pom.xml b/java-shared-dependencies/upper-bound-check/pom.xml
index b5f914307a..531e86982d 100644
--- a/java-shared-dependencies/upper-bound-check/pom.xml
+++ b/java-shared-dependencies/upper-bound-check/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>shared-dependencies-upper-bound-test</artifactId>
   <packaging>pom</packaging>
-  <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Upper bound test for Google Cloud Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
@@ -53,7 +53,7 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-shared-dependencies</artifactId>
-        <version>3.1.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>3.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/java-shared-dependencies/versions.txt b/java-shared-dependencies/versions.txt
index 5e25b7c612..46e9f9180b 100644
--- a/java-shared-dependencies/versions.txt
+++ b/java-shared-dependencies/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-shared-dependencies:3.1.1:3.1.1
+google-cloud-shared-dependencies:3.1.1:3.1.2-SNAPSHOT