Recently, the results of many studies have clarified the successful performance of magnetostrictive transducers in which a ferromagnetic patch is used for the transduction of guided shear waves; this is because a thin ferromagnetic patch with strong magnetostriction is very useful for generating and detecting shear wave. This investigation deals with bulk shear wave transduction by means of magnetostriction; on the other hand, the existing studies have been focused on guided shear waves. A modular transducer was developed; this transducer comprised a coil, magnets, and a thin ferromagnetic patch that was made of Fe-Co alloy. Some experiments were conducted to verify the performance of the developed transducer. Radiation directivity pattern of the developed transducer was obtained, and a test to detect the damage on a side drill hole of a steel block specimen was carried out. From the results of these tests, the good performance of the transducer for nondestructive testing was verified on the basis of the signal-to-noise ratio and narrow beam directivity.