diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 39557f0df395..4c0239da9b02 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -987,7 +987,7 @@
   "google-shopping-merchant-inventories-v1beta+FILLER": "0.0.0",
   "google-shopping-merchant-issue_resolution": "0.2.1",
   "google-shopping-merchant-issue_resolution+FILLER": "0.0.0",
-  "google-shopping-merchant-issue_resolution-v1": "0.3.0",
+  "google-shopping-merchant-issue_resolution-v1": "0.4.0",
   "google-shopping-merchant-issue_resolution-v1+FILLER": "0.0.0",
   "google-shopping-merchant-issue_resolution-v1beta": "0.5.0",
   "google-shopping-merchant-issue_resolution-v1beta+FILLER": "0.0.0",
diff --git a/google-shopping-merchant-issue_resolution-v1/CHANGELOG.md b/google-shopping-merchant-issue_resolution-v1/CHANGELOG.md
index 1702578899e9..83b9bb3e4771 100644
--- a/google-shopping-merchant-issue_resolution-v1/CHANGELOG.md
+++ b/google-shopping-merchant-issue_resolution-v1/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+### 0.4.0 (2026-03-31)
+
+#### Features
+
+* Upgrade dependencies for Ruby v4.0 and drop Ruby v3.1 support
+
 ### 0.3.0 (2025-11-19)
 
 #### Features
diff --git a/google-shopping-merchant-issue_resolution-v1/lib/google/shopping/merchant/issue_resolution/v1/version.rb b/google-shopping-merchant-issue_resolution-v1/lib/google/shopping/merchant/issue_resolution/v1/version.rb
index e9bcd4d5e094..a8714ad82949 100644
--- a/google-shopping-merchant-issue_resolution-v1/lib/google/shopping/merchant/issue_resolution/v1/version.rb
+++ b/google-shopping-merchant-issue_resolution-v1/lib/google/shopping/merchant/issue_resolution/v1/version.rb
@@ -22,7 +22,7 @@ module Shopping
     module Merchant
       module IssueResolution
         module V1
-          VERSION = "0.3.0"
+          VERSION = "0.4.0"
         end
       end
     end
diff --git a/google-shopping-merchant-issue_resolution-v1/snippets/snippet_metadata_google.shopping.merchant.issueresolution.v1.json b/google-shopping-merchant-issue_resolution-v1/snippets/snippet_metadata_google.shopping.merchant.issueresolution.v1.json
index f481b74dd054..29190e64324a 100644
--- a/google-shopping-merchant-issue_resolution-v1/snippets/snippet_metadata_google.shopping.merchant.issueresolution.v1.json
+++ b/google-shopping-merchant-issue_resolution-v1/snippets/snippet_metadata_google.shopping.merchant.issueresolution.v1.json
@@ -1,7 +1,7 @@
 {
   "client_library": {
     "name": "google-shopping-merchant-issue_resolution-v1",
-    "version": "0.3.0",
+    "version": "0.4.0",
     "language": "RUBY",
     "apis": [
       {