@ABWorsham:
Much like Wake Island, if Midway were occupied by Japanese troop, the IJN would been hard pressed to resupply the Midway garrison.
This get’s to the point. In my opinion, the Japanese plan to attack Midway was foolhardy and a misuse of their resources. If Japan had won the battle decisively, say killing all three US carriers and losing only one themselves, they still have one major challenge that the US will beat them up with. I do not think Japan could have supplied Midway and would be forced to abandon the men there in a few months. I believe this because of the different approach to the use of Submarines by both sides. The Japanese used subs to augment their naval strategy against the US naval forces. We used our subs to disrupt their supply lines. Because of this philosophical difference, the Japanese appear to have neglected planning for how they would use Midway. The US could and would have used subs to prevent any ship from ever making it to Midway. Without resupply by ship, the Japanese forces on Midway would have been forced to surrender.
In the meantime, Japan would have initially tried to get a substantial base there to work on the remainder of the Hawaiian Island chain, oblivious to the long term logistics problem. Initially supplies would trickle in until the US sub net was firmly established. The Japanese might well try and ferry in gas and bombs from carriers operating west of Midway and then continue to use the airfield to attack Hawaii. Unfortunately for the Japanese, this would strain their petroleum reserves and place at least one carrier group in danger of US attack. It would have probably taken two carrier groups just to maintain the supply lines to Midway eating up more petroleum and naval assets.
This is similar to the events that played out at Guadalcanal. One difference is that Guadalcanal was much closer to the Japanese supply base so it wasn’t the strain the Midway campaign would have been. Also, the many islands in the Guadalcanal theatre helped protect the Japanese supply lines.
Midway was a wonderful success for the US as everyone knows. However, even a Japanese victory would have become a defeat which actual history managed to conceal.