With the X-T3 and X-T30, Fujifilm introduced black-and-white toning. With the X100V, X-Pro3 and X-T4, Fujifilm took B&W toning to a whole new level! On the X-T3 and X-T30, you have the option of 0 (for neutral), +1 through +9 for warm, and -1 through -9 for cool. On the new cameras, toning is set up more like white-balance-shift, except you can move as many as 18 spots up or down and left or right. Yes, on the X100V, there are 1,368 possible colors to tone your black-and-white pictures! You can even tone B&W video.
The up-and-down option is called “WC” for warm/cool; plus is warm, minus is cool, and 0 is neutral. The left-and-right option is called “MG” for magenta/green; plus is green, minus is magenta, and 0 is neutral. The further you get from 0, the stronger the color, and the closer you get to 0, the more subtle the color. Most people will likely use subtle toning, but some will appreciate the bold options.
I think there is the potential for some very creative uses of this new feature, especially when paired with multiple exposure photography. I haven’t explored the possibilities yet, but I will! If you are a fan of toning your black-and-white pictures, you’ll love this new option. The only thing missing is split-toning, which Fujifilm very well might add on future models—I hope so, anyway! In the meantime, I’ll explore the potential of this new toning feature on the X100V.
Examples of black-and-white toning on the Fujifilm X100V:

WC 0 MG 0

WC +5 MG 0

WC +5 MG +5

WC 0 MG +5

WC -5 MG +5

WC -5 MG 0

WC -5 MG -5

WC 0 MG -5

WC +5 MG -5

WC +18 MG 0

WC +18 MG +18

WC 0 MG +18

WC -18 MG +18

WC -18 MG 0

WC -18 MG -18

WC 0 MG -18

WC +18 MG -18
See also:
Fujifilm X100V New Feature: Clarity
Fujifilm X100V New Feature: HDR
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I really enjoy warming up my mono images but I’m often to lazy to make the extra step in post. Does it sound like I’m making excuses to upgrade?
Maybe. It’s a neat feature, but I don’t know if I would buy a new camera just for this. But if it’s this plus some other things, well, maybe…
Very cool (no pun intended). I think I would stick with neutral for B&W.
I used to put my b&w prints into a quick sepia bath for longevity and to give a subtle warm tint. Mostly nowadays with digital, I keep it neutral.