we are running as400 servers with 7.1 version. Can some one suggest how to send data from as400 to splunk?
You can use syslog to send data from the AS400 to a Syslog server.
There was an older app that has since been archived that provided field extractions. You may be able to tune it to work with your current Splunk version (or you might get lucky and it works right away). Worth a shot: