Midway : Why did the Japanese Lose?

Why did the Japanese Lose?

The Battle of Midway (1942) has been by some described as a turning point in the Pacific War. The question is: Why did the Japanese Lose? Or maybe: Why did the Americans win? During my research I came across several different perspectives namely those of Jonathan Parshall and Anthony Tully and those of James Levy.
All of them make good points. Yet, what were the key elements? US Intelligence? Japanese Oversights? Victory Disease? A flawed plan? Limited Preparation? The Odds? Failed Recon? After all Operation MI was a complicated plan, but the Japanese clearly had the initiative as well.
Credit to : Military History Visualized