The article says that the Kindle supports EPUB. As far as I know* it does not support this format. And it's one reason I won't buy a Kindle any time soon.
The Nikkei is sometimes incorrect about technical details (it's a financial paper after all), and the mention of EPUB on Kindle could be their misunderstanding or just a wild speculation, which is their another trait.
The original article online appears to be behind the pay wall, and I couldn't find relevant article on paper, so this is just a guess...
Maybe not. XMDF is the current dominant format for ebooks in Japan and the situation won't change shortly. XMDF has long history of supporting features specific to Japanese (vertical writing, ruby etc.) as well as DRM, while EPUB just has added support for vertical.
The main issue with reading manga on an ereader is dealing with zooming and panning; unless you have it split by panes, rather than pages, that will be an issue no matter the format.
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[ 3.5 ms ] story [ 37.9 ms ] thread* https://secure.wikimedia.org/wikipedia/en/wiki/Kindle
The original article online appears to be behind the pay wall, and I couldn't find relevant article on paper, so this is just a guess...
How is EPUB for graphics-heavy content, like manga?
Maybe not. XMDF is the current dominant format for ebooks in Japan and the situation won't change shortly. XMDF has long history of supporting features specific to Japanese (vertical writing, ruby etc.) as well as DRM, while EPUB just has added support for vertical.