Google Translate is essentially correct, but Wikipedia has more details: https://en.wikipedia.org/wiki/Kabushiki_gaisha

It's more like a corporation, specifically one which issues shares.

Added: There is a separate classification which is virtually identical to U.S. LLCs (because it was modeled after them), called 合同会社.

A Kabushikigaisha is roughly equivalent to a C Corp in the US. You’ve probably seen the abbreviation K.K. after Japanese company names before.