diff --git a/doc/manual.asciidoc b/doc/manual.asciidoc
index 4220ccebde..3482a1e697 100644
--- a/doc/manual.asciidoc
+++ b/doc/manual.asciidoc
@@ -1,6 +1,6 @@
 The Ninja build system
 ======================
-v1.12.0, Apr 2024
+v1.12.1, May 2024
 
 
 Introduction
diff --git a/src/version.cc b/src/version.cc
index ca54c374e1..b19249ff22 100644
--- a/src/version.cc
+++ b/src/version.cc
@@ -20,7 +20,7 @@
 
 using namespace std;
 
-const char* kNinjaVersion = "1.12.0";
+const char* kNinjaVersion = "1.12.1";
 
 void ParseVersion(const string& version, int* major, int* minor) {
   size_t end = version.find('.');