In speech processing, the waveform codings are concerned with simply preserving the waveform of signal through a redundancy reduction process. In the case of speech synthesis, the waveform codings with high quality are mainly used to the synthesis by analysis. Because the parameters of this coding are not classified as both excitation and vocal tract, it is difficult to apply the waveform coding to the synthesis by rule. Thus, in order to apply the waveform coding to synthesis by rule, it is necessary to alter the pitches. In this paper, we proposed a new pitch alteration method that can change the pitch period in waveform coding by dividing the speech signals into the vocal tract and excitation parameters. This method is a time-frequency domain method preserving the phase component of the waveform in time domain and the magnitude component in frequency domain. Thus, it is possible that the waveform coding is carried out the synthesis by rule in speech processing. In case of using the algorithm, we can obtain spectrum distortion with $2.94\%$. That is, the spectrum distortion is decreased more $5.06\%$ than that of the pitch alteration method in time domain.